Saturday, November 17, 2018

// // Leave a Comment

GROW YOUR SIDE HUSTLE



“I really can’t invest twenty percent of my income each month. It’s impossible.” This comment came from an attendee in my seminar, “How to Make Millions in the Stock Market.” As you know by now, I teach people to invest twenty percent of their monthly income in the stock market. This is how you become very rich. If people tell me they can’t, there are only two solutions: decrease expense and increase income.

Simplify
You can’t save if you won’t simplify. I won’t be where I am now financially if I didn’t drive a secondhand car or ate in simple restaurants or took the cheapest vacations. In the early years, my “romantic” weekly dates with my wife were in Tapa King. My queen didn’t mind. Sometimes, we’d eat dinner at home, then go to a five-star hotel lobby and order one glass of Coke. We’d stay there for two hours, sipping it very slowly. The first ten years of my investment journey were all about simplifying. I’ve been investing for twenty-two years now. Today, I can bring her to fancy restaurants. But there’s one thing I encourage everyone to do….

Side Hustle
Keep your day job but grow a side income. Live on your day job’s salary, but invest in the stock market one hundred percent of your earnings from the side hustle (Correction: Give ten percent to God and invest ninety percent.) I know that’s radical, but believe me, this is what will make you truly rich. Find something to sell. Or get a part-time job. Offer your services via the Internet: writing, editing, graphics design, whatever. Identify what you’re passionate about and earn through it. I know of someone who sells second-hand rubber shoes because he knows this world. He’s an expert. He can tell you the brand, year, model, color. I cannot, for the life of me, wrap my mind around the idea that someone out there wants to buy another person’s old rubber shoes, with the other person’s sweat and smell inside the shoes. But there are. And his business is flourishing. And do you know how he sells them? Via Facebook. Many moons ago (almost two decades), I wanted to learn how to sell belly-to-belly. For one year, I joined a network marketing company. It was an awesome experience. In that year, I remember earning one million pesos. What did I do with the money? I gave some to the ministry and invested the rest. Can you imagine how much that money is today? Pretty cool. Friend, grow your side hustle. Happy investing!

0 comments:

Post a Comment